SOLUTION: 6.) Colin invests $5,000 for 5 years at 5.25% APR. How much more would he collect at the end of the5-year period if the money invested is compounding monthly rather than compoundin
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-> SOLUTION: 6.) Colin invests $5,000 for 5 years at 5.25% APR. How much more would he collect at the end of the5-year period if the money invested is compounding monthly rather than compoundin
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Question 1002723: 6.) Colin invests $5,000 for 5 years at 5.25% APR. How much more would he collect at the end of the5-year period if the money invested is compounding monthly rather than compounding annually? Answer by solver91311(24713) (Show Source):
Where is the future value, is the principal invested, is the interest rate expressed as a decimal, is the number of compounding periods per year, and is the number of years.
Do the arithmetic.
John
My calculator said it, I believe it, that settles it
